NEW
YORK, May 10, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Telephone
and Data Systems, Inc..
Shareholders who purchased shares of TDS during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/tds-loss-submission-form/?id=39130&from=4
CLASS PERIOD: May 6, 2022
to November 3, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) defendants had no
reason to believe UScellular's "free upgrade" promotional activity,
which was tested and trialed during the second quarter of 2022, was
effective at reducing the UScellular's postpaid churn rate as they
represented to investors, as opposed to merely adding new postpaid
subscribers, when its churn rate was actually increasing or
remaining constant over most quarters in the class period; (ii)
UScellular was not making progress with respect to its churn rate,
as it represented to investors; (iii) UScellular was not in fact
balancing its promotional activity and its profitability; (iv) due
to extreme competition among postpaid carriers, UScellular did not
have the flexibility to offset the costs from widespread, expensive
promotions with price increases; and (v) as a result of the
Companies' decision for UScellular to continue engaging in heavy
promotions to address its postpaid subscriber churn rate despite
any lack of positive impact on churn rate, UScellular's
profitability substantially declined.
DEADLINE: July 3, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/tds-loss-submission-form/?id=39130&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TDS during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is July 3, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-telephone-and-data-systems-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-july-3-2023--nyse-tds-301820335.html
SOURCE The Gross Law Firm